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MedPAC in no Rush to Recommend Major Hospital Medicare Payment Increases Despite Industry Pleas

In an accompanying letter to Congress, MedPAC Chair Michael Chernew, Ph.D., said “the Commission is acutely aware of how providers’ financial status and patterns of Medicare spending varied in 2020 and 2021 from historical trends, as well as the higher and more volatile increases in input costs for several health care sectors that occurred during 2022.”